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EUR/USD: Euro maintains at the highs of January
The pair EUR/USD is traded with no significant deviations at the Forex currency market on Thursday morning, remaining at the highs of the month.
By 9.15 MSK the Euro is at 1.3109 against yesterday's closing level of 1.3112.
The reason for sharp decline in the USD positions was "dove" speech of the U.S. Federal Reserve Chairman, Ben Bernanke on the outcome of the meeting of the Regulator which finished yesterday. Interest rate was preserved in the target range of 0-0.25% per annum, however comments convinced market that most of the committee members do not believe that interest will be changed before mid-2014. Investors have already dubbed this statement as a kind of new QE.
Market will continue to analyze and make use of the FR release, awaiting the data on the labour market tonight and resolution of the Greek problem.
Most likely, the pair EUR/USD will not go beyond the range of 1.3020-1.3140 at the trading session on Thursday.